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Please explain to me which shifter variable is affected, which curve shifts, and determine the effect upon equilibrium price and quantity sold when

Please explain to me which shifter variable is affected, which curve shifts, and determine the effect upon equilibrium price and quantity sold when the price of a substitute good (in consumption) decreases and also when consumers' income increases and the good is inferior.

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The shifter variable will be income increase and decrease in the price of the related good, in this... View the full answer

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Here when the price of substitute gods fall , the quantity demanded at each price today will be lower, i.e.... View the full answer

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When the price of the substitute will fall, the demand for the cheaper... View the full answer

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